Aspen Aerogels, Inc. (ASPN)

Aspen Aerogels Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-305.28	13.38	-45.81	-82.74	-37.09	-21.81
Depreciation & Amortization	22.41	22.53	15.32	9.22	9.44	10.2
Other Amortization	3.41	3.44	0.93	0.03	0.02	0.01
Asset Writedown & Restructuring Costs	288.82	7.61	-	-	-	-
Stock-Based Compensation	9.5	12.86	10.95	9.39	5.18	5
Provision & Write-off of Bad Debts	0.14	0.25	-0.09	0.12	-0.09	0.33
Other Operating Activities	2.57	36.46	7.26	7.75	-2.12	0.97
Change in Accounts Receivable	45.91	-39.36	-12.55	-37.04	-4.64	16.23
Change in Inventory	4.39	-8.36	-16.65	-10.55	1.11	-4.33
Change in Accounts Payable	-12.84	7.34	4.58	5.32	7.38	-7.15
Change in Unearned Revenue	-1.58	-0.12	-3.53	4.53	-0.54	-3.81
Change in Other Net Operating Assets	-5.03	-10.46	-3.02	-0.42	2.73	-5.56
Operating Cash Flow	52.42	45.55	-42.61	-94.4	-18.63	-9.92
Operating Cash Flow Growth	639.78%	-	-	-	-	-
Capital Expenditures	-49.74	-86.26	-175.46	-177.97	-13.78	-3.42
Investing Cash Flow	-49.74	-86.26	-175.46	-177.97	-13.78	-3.42
Long-Term Debt Issued	-	182.98	-	100	-	3.69
Total Debt Issued	0	182.98	-	100	-	3.69
Short-Term Debt Repaid	-	-	-	-	-	-3.12
Long-Term Debt Repaid	-	-157.4	-	-9.73	-	-
Total Debt Repaid	-57.84	-157.4	-	-9.73	-	-3.12
Net Debt Issued (Repaid)	-57.84	25.59	-	90.27	-	0.56
Issuance of Common Stock	95.25	104.2	76.66	402.17	97.32	28.46
Repurchase of Common Stock	-0.7	-1.29	-0.42	-2.36	-2.71	-1.22
Other Financing Activities	-0.85	-6.48	-0.76	-11.71	-2.14	-1.6
Financing Cash Flow	35.86	122.02	75.48	478.37	92.47	26.2
Net Cash Flow	38.55	81.31	-142.59	206	60.07	12.86
Free Cash Flow	2.69	-40.71	-218.07	-272.37	-32.41	-13.34
Free Cash Flow Margin	0.76%	-8.99%	-91.35%	-151.01%	-26.65%	-13.30%
Free Cash Flow Per Share	0.03	-0.51	-3.14	-6.92	-1.06	-0.51
Cash Interest Paid	14.31	7.01	0	0.15	0.24	0.22
Levered Free Cash Flow	15.02	-71.2	-220.95	-222.55	-6.58	-5.33
Unlevered Free Cash Flow	18.83	-67.16	-218.55	-219.39	-6.46	-5.19
Change in Working Capital	30.85	-50.96	-31.17	-38.17	6.03	-4.62

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q